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The Latest Breaking News from Ofwat

Inside the capital’s water crisis — are Londoners’ taps about to run dry?

After years of piling on debt and sucking out profits to pay shareholders rather than improve infrastructure, Thames Water is near collapse — leaving the city 24 hours away from having its supply turned off. Claire Cohen investigates

Evening Standard

Thames Water’s former CEO handed half a million pounds as higher bills help keep it afloat

Shareholders put in another £750 million to heavily indebted company

Evening Standard

How to save money on your water bill

Households could see their water bills rise next year as providers aim to tackle sewage spills and meet environmental requirements.

The Week

From analysis to the latest developments in health,
read the most diverse news in one place.

Ofwat boss denies water industry badly regulated as he predicts higher bills

David Black says water firms’ debt is ‘their issue to sort out’ because regulator did not have powers to tackle problem until recently

The Guardian - UK

Rail firms unveil plans for mass closure of England’s ticket offices to ‘modernise’ railway – as it happened

Plans will ramp up battle with unions; boss of water watchdog says higher water bills are coming to fund infrastructure improvements

The Guardian - UK

Private equity is failing water companies again. Get these firms back on the stock market

Listing would allow the market to be admirably brutal – inflicting pain on the owners and forcing management changes

The Guardian - UK

England’s water firms should pay to fix illegal discharges, high court to hear

WildFish charity says £56bn plan to reduce sewage dumping from storm overflows is illegal because it expects customers to foot bill

The Guardian - UK

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Thames Water shareholder gives backing to crisis-hit firm

USS support for turnaround plan comes as water company buckles under £14bn debt burden

The Guardian - UK

Exclusive: UK water giants recruit top staff from regulator Ofwat

Demands for an end to the ‘revolving door’ as ex-Ofwat directors are hired by key firms

The Guardian - UK

Water privatisation was right, says Michael Howard amid debt concerns

Tory peer says in light of Thames Water troubles that firms should not have been allowed to borrow so much

The Guardian - UK

Sadiq Khan: Thames Water crisis proves ‘privatisation hasn’t worked’

The mayor criticised the monopoly enjoyed by the company and claimed the Government had failed to regulate it

Evening Standard

How Thames Water came to be flooded with debt – and what it means for taxpayers

Thames Water is reportedly on the brink of collapse. The UK’s largest water company, well known for its high levels of water leakage, sewage spills, executive pay and dividend payments, now appears to be flooded with debts that it cannot afford to pay.

The Conversation

Thames Water crisis explained as utility giant serving 15m people faces collapse

The utility giant is struggling under a £14 billion debt pile

The Independent UK

In charts: how privatisation drained Thames Water’s coffers

Decades of underinvestment and bumper dividends have left the firm debt-laden and under investigation

The Guardian - UK

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Birmingham Post

United Utilities defends 'robust and prudent' finances in wake of Thames Water crisis

United Utilities recently agreed to hand more than £300m to its shareholders

Daily Mirror

Bosses at nine water firms pocketed £13million last year - while YOU face higher bills

It follows reports water firms are planning to hike household bills by up to 40% to meet costs of the sewage crisis

The Guardian - UK

Thames Water could delay accounts as turmoil in water industry grows

Firm refuses to say when it will publish annual report; pressure builds on regulator Ofwat

The Guardian - UK

Ministers must get a grip: no bailout for Thames Water’s backers

Any financial reconstruction of Thames is simple. Shareholders and bondholders are on the hook

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news in one place.

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Evening Standard

Who owns Thames Water? Water bosses face £168m fines over sewage spills

The utility giant is one of many that could be in trouble over sewage treatment

Nottingham Post

The five debt-riddled water companies that regulator Ofwat is most worried about

There are fears about other companies alongside troubled Thames Water

Wales Online

The five water companies that regulator Ofwat is most worried about

There are fears about other companies alongside troubled Thames Water

Daily Mirror

Water firms face staggering £60 BILLION debts amid Thames Water collapse threat

Emergency plans are reportedly being drawn up by the government for the collapse of Thames Water as concerns grow over the utility company’s £14billion debt

The Guardian - UK

What are the options for Thames Water as crisis talks continue?

From special administration to waiting for shareholders to bail it out, the future of the utility hangs in the balance

The Guardian - UK

Taxpayer cash must not be used to bail out Thames Water, says Feargal Sharkey

Campaigner says firm should be brought under public control using powers in original privatisation legislation

The Week

Why is Thames Water struggling to stay afloat?

The sudden resignation of its chief executive while the company is struggling to finance a £14 billion debt has left the government nervously preparing for the potential collapse of Thames Water.

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